Coverdell Education Savings Accounts
Prepare for your child's future with an Education IRA. Education IRA's are a savings vehicle that can be utilized for qualified education expenses:

		Tuition
		Fees
		Books
		Supplies
		Equipment
		Certain room and board expenses if the student is enrolled on at least a half-time basis.
		Expenses for special needs services $2,000.
		Qualified Elementary and Secondary Expenses.

Although Education IRA's are limited to contributions of $2000 per year, consistent yearly contributions result in a great start to paying for college. Best of all, as long as the funds are used for qualifying expenses, the funds withdrawn are TAX-FREE.

Want to add to your current IRA CD prior to maturity? Tri City National Bank offers an 18-month contributory IRA CD with an option of either fixed or variable rate. Choosing this product will enable you to make additional deposits to your IRA CD throughout the term.

Minimum deposit requirements: $100 for in-person deposits and $50 for electronic deposits.

Please Contact Us or Locate Us to speak with a bank representative about how to open an Education IRA.